ALEXANDRIA, Va. & VACAVILLE, Calif.--(BUSINESS WIRE)--GIC Group (GIC) is pleased to announce the signing of a new advisory mandate to assist in the Sub-Sahara African (SSA) expansion efforts of RF Biocidics (RFB), a global food safety company headquartered in Vacaville, California. Founded in 2011, RFB provides customizable equipment solutions to its global clients, eradicating food-related pathogens, pests and fungi.
RFB’s APEX and SENTINEL product lines treat agricultural commodities without utilizing radiation or chemicals. The patented system is applicable to the following agricultural value chains: tree nuts, edible seeds, spices, dried herbs, tobacco, grains, flour, dried fruit and pet food. By leveraging RF photons at strategic frequencies, targeting molecules in host commodities and its pests, RFB’s technology induces well-controlled thermal and electronic effects, which lead to disinfection (pasteurization), disinfestation, enzyme inactivation and drying outcomes.
Under the terms of the Mandate, GIC will identify SSA’s technology transfer opportunities, conduct due diligence on candidate agribusinesses, and pursue joint venture opportunities on a case-by-case basis. GIC also will explore grant opportunities to underwrite RFB’s outreach campaign in priority SSA markets: Ghana, Kenya, Tanzania, Ethiopia, Nigeria, Uganda and South Africa.
Rick Gilmore, President and Chief Executive Officer of GIC, said, “RFB is a dynamic company with impressive management under Mr. Craig Powell. A successful campaign offers a cost-effective strategy to safeguard SSA’s food supply system, increase industry competitiveness, and leverage sound environmental practices in target agricultural value chains. RFB’s technology stands as a stark reminder that effective technology need not function at the expense of the environment.”
About GIC Group
The GIC Group is an international agribusiness company offering new financial or agtech transfer services for Africa under the direction of Gerald Mason. For more information, visit www.gicgroup.com.
About RF Biocidics
RF Biocidics is a fast-growing company providing an environmentally friendly, chemical-free alternative for disinfection (pasteurization) and disinfestation of food and other commodities. This organic treatment system has a broad range of applications, including food safety, agriculture, import/export compliance, and wood and wastewater treatment. RF Biocidics designs, develops and operates treatment systems on behalf of its customers worldwide. RF Biocidics is an Allied Minds company headquartered in Vacaville, California. www.rfbiocidics.com
About Allied Minds
Allied Minds (LSE: ALM) is an innovative U.S. science and technology development and commercialization company. Operating since 2006, the company forms, funds, manages and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com.